Cohabitat Foundation
- Assets
- $339.0k
- Revenue
- $238.7k
- Investments
- $0.0
- Employees
- 2
- Location
- Shreveport, LA
- Founding
- 07/2010
- Data as of
- 12/2021
- EIN
- 27-1566437
Organization Overview
Cohabitat Foundation is located in Shreveport, LA. The organization was established in 2010. According to its NTEE Classification (S43) the organization is classified as: Small Business Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Cohabitat Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cohabitat Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Cohabitat Foundation generated $238.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.2%) each year. All expenses for the organization totaled $253.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
COHAB IS A NONPROFIT HUB PROVIDING ENTREPRENEURS AT ALL LEVELS THE TRACTION TO ACHIEVE SUCCESS. WE BELIEVE THE PATHWAY TO A STRONGER COMMUNITY BEGINS WITH EMPOWERING OUR HOME GROWN TALENT AND KEEPING THEM ROOTED IN NORTH LOUISIANA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COHAB'S BIZTRAX PROGRAM SUPPORTS NEW, SMALL, AND MAIN STREET BUSINESSES SO THEY CAN GROW, ADD EMPLOYEES, AND INCREASE THEIR REVENUE. IN 2021, WE PROVIDED BUSINESS OWNERS WITH COLLABORATIVE WORKSPACE, MENTORSHIP, AND CLASSES FOR BEST BUSINESS PRACTICES TO HELP THEM BE SUCCESSFUL AND GROW.IN 2021 COHAB PROVIDED:- 208 BUSINESSES WITH ONE-ON-ONE COUNSELING- AN ADDITIONAL 97 RECEIVED ELECTRONIC ASSISTANCE BY EMAIL
COHAB'S DEVTRAX PROGRAM SUPPORTS SMALL BUSINESSES AND ENTREPRENEURS THROUGH TRAINING IN BUSINESS PLAN WRITING, MARKETING, BASIC BOOKKEEPING, AND MORE. DEVTRAX ALSO SUPPORTS SECOND STAGE BUSINESSES ($600K-$50 MIL IN GROSS ANNUAL REVENUE AND 5100 EMPLOYEES) HEADQUARTERED IN LOUISIANA THROUGH OUR CEO ROUNDTABLE SERIES. THE SERIES OFFERS FACILITATOR-GUIDED PEER MENTORSHIP SPECIFICALLY TAILORED FOR LARGER, MORE ESTABLISHED BUSINESSES. IN 2021, OUR BUSINESS TRAINING CLASSES SAW 51 PEOPLE PARTICIPATE IN ONLINE COURSES AND WRITE BUSINESS PLANS, AS WELL AS CONDUCT LIVE SPEAKING ENGAGEMENTS WITH LOCAL BUSINESS AND SUBJECT MATTER EXPERTS.OUR CEO ROUNDTABLE PROGRAM SAW THE FOLLOWING RESULTS FROM PARTICIPANTS:- 31 FTE JOBS CREATED- PROJECTED REVENUE INCREASE OF $5,140,000- 64 FTE JOBS RETAINED
COOKHOUSE AT COHAB SUPPORTS CULINARY BUSINESSES IN SHREVEPORT BY OFFERING COMMERCIAL KITCHEN SPACE AND BUSINESS SUPPORT TO CATERERS, BAKERS, FOOD TRUCKS, AND OTHER FOOD BUSINESSES. OF CULINARY BUSINESSES SERVED IN 2021, TWO HAVE MOVED OUT INTO DEDICATED STORE FRONTS AND ARE STILL THRIVING, ONE WAS PICKED UP BY WALMART FOR THEIR RANCH DRESSING, AND THE REST WERE ABLE TO SUSTAIN AND EVEN THRIVE DURING THE COVID 19 PANDEMIC.
OUR OTHER PROGRAMS INCLUDE 1 MILLION CUPS (ENTREPRENEURS PRESENTING THEIR BUSINESSES TO A GROUP OF PEERS IN THE COMMUNITY) AND YOUTHTRAX (K-12 ENTREPRENEURSHIP PROGRAMMING).
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jessica Schiele Executive Director | Officer | 40 | $63,860 |
Everardo Recendiz Vice Chair | Officer | 4 | $15,000 |
Daniel Sant Treasurer | Officer | 3 | $0 |
Jim Malsch Chairman | Officer | 8 | $0 |
Lauren Telep Board Member | Officer | 1 | $0 |
Wendell Riley Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $57,307 |
| All other contributions, gifts, grants, and similar amounts not included above | $75,608 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $132,915 |
| Total Program Service Revenue | $99,137 |
| Investment income | $2,437 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $238,718 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $63,860 |
| Compensation of current officers, directors, key employees. | $15,965 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $16,908 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,179 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,908 |
| Advertising and promotion | $9,353 |
| Office expenses | $5,861 |
| Information technology | $1,276 |
| Royalties | $0 |
| Occupancy | $50,953 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $64 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,241 |
| Insurance | $6,536 |
| All other expenses | $6,271 |
| Total functional expenses | $253,616 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $183,989 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,123 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,477 |
| Net Land, buildings, and equipment | $144,399 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $338,988 |
| Accounts payable and accrued expenses | $220 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $153,200 |
| Other liabilities | $0 |
| Total liabilities | $153,420 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $185,568 |
| Total liabilities and net assets/fund balances | $338,988 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Cohabitat Foundation has recieved totaling $50,818.
| Awarding Organization | Amount |
|---|---|
Carolyn W And Charles T Beaird Family Foundation Shreveport, LA PURPOSE: PROGRAM SERVICES | $25,000 |
The Alta And John Franks Foundation Shreveport, LA PURPOSE: CHARITABLE SUPPORT | $20,000 |
Douglas F And Marion S Attaway Foundation Birmingham, AL PURPOSE: GENERAL OPERATING | $5,800 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $18 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Liftfund Inc San Antonio, TX | $95,784,141 | $59,155,631 |
Peoplefund Austin, TX | $66,108,373 | $14,535,836 |
Houston Business Development Inc Houston, TX | $15,684,831 | $3,620,643 |
Mississippi Life And Health Insurance Guaranty Association Jackson, MS | $33,007,367 | $1,692,715 |
Dallas-Fort Worth Minority Supplier Development Council Inc Dallas, TX | $2,296,676 | $2,035,236 |
Community Certified Development Corporation Houston, TX | $1,043,060 | $1,562,471 |
Maestro Leadership Foundation San Antonio, TX | $111,028 | $560,727 |
Louisiana Minority Business Council Inc New Orleans, LA | $480,017 | $745,389 |
Feed The Soul Foundation Houston, TX | $1,697,498 | $2,202,752 |
South Central Texas Regional Certification Agency San Antonio, TX | $105,207 | $402,040 |
Forward Progression Development Inc Biloxi, MS | $325,000 | $425,500 |
North Mississippi Enterprise Inc Oxford, MS | $264,914 | $373,569 |